Ekso Bionics Holdings Inc (EKSO)

[skepticone]

On 24 Jan I posted this...

"Into that 1.40-1.60 range now. I'm thinking we will be in that range a few days, maybe 9 days and then slide again. Could see drops to the lower end and jumps to the upper end of the range during that time. That would slow the decline in the RSI-14, keeping is at or just above oversold.

Once it starts to slide again I will be watching very closely for news that will spark any rally. If no news before earnings release I think we see the 1.00-1.20 range (my buy is in that range)"

Feb. 1st, I also pointed out that $1.40 was key. Today began by continued testing of that $1.40 until it broke.

Turns out I was one trading day off (3 calendar days). Now comes the slide to $1.00- $1.20. Looking at the 52 week chart, there is no support from here to $1.00-$1.20. Now is when people will start selling to save themselves from the coming drop (which will contribute to the drop). The 50 DMA has begun to drop the high close days from the average and replacing them with lows, so it has noticeably begun to drop.That will contribute to the further decline.
I believe there will be a few tests of the $1.00 level, if you believe in this stock, have your cash ready, this is what you have been waiting for. While I think we will be in the $1.00-$1.20 range for a while I don't think we will be at the lower end too often or for too long.
Yes, there is always the chance we break below $1.00, but there is A LOT of support there. A break below $1.00 would not be good and that is where I would get out, because as I said before, that would bring about the possibility of a R/S which would be terrible in my opinion.

Again, this is all just my take on what has and will happen. If you care to, look back at my posts since the jump, what I said today is nothing new. The chart has repeated what it had done from mid Mar to June, in just about the same time period. It forecast where we were headed.

We should be in the $1.00-$1.20 range just before earnings are released, if they verify what the preliminary release stated, we bounce along in the range. If they surprise with some update, we begin the climb back up.